- For Sale $549,900
- Property Type Multi-Family
- Property Size 3,424 SF
- Units 6
- Lot Size 0.11 Acre
- Cap Rate % 9
- Rental Income / YR $68,700.00
- NOI / YR $55,085.00
- Taxes / YR $1,985.00
- # of Floors 2
- Property Tenancy Multi-Tenant
- Year Built 1910
- Date Updated Mar 31, 2026
Description
Turn-Key 6-Unit Multifamily in Prime South Minneapolis 10% Cap
Welcome to 2524 Portland Ave S, a fully updated six-unit building offering immediate cash flow and exceptional long-term stability. This property is perfect for both investors and owner-occupants looking to live rent-free while generating income from day one.
Featuring one efficiency, three 1-bedrooms, and two 2-bedroom units, this building has a strong rental history and historically low vacancy. All tenants are currently month-to-month, giving new ownership maximum flexibility
False
Contacts
Keynon Starks
AARE
Location
Located at 2524 Portland Ave, Minneapolis, MN 55404, this property is part of the Phillips West neighborhood and Minneapolis St Paul market.
Contact Listing Broker
Keynon Starks
AARE
